Standard Motor Products (NYSE:SMP) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Standard Motor Products, Inc. (NYSE:SMP)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $38.12 and traded as high as $38.34. Standard Motor Products shares last traded at $37.5620, with a volume of 208,551 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on SMP. Weiss Ratings raised Standard Motor Products from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 28th. Wall Street Zen raised shares of Standard Motor Products from a “hold” rating to a “buy” rating in a report on Sunday, August 16th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Standard Motor Products Trading Down 1.9%

The firm’s 50 day moving average is $38.70 and its 200 day moving average is $38.10. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.00 and a quick ratio of 0.80. The company has a market cap of $817.09 million, a PE ratio of 16.33 and a beta of 0.82.

Standard Motor Products (NYSE:SMP) last posted its earnings results on Tuesday, August 4th. The auto parts company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.01. The business had revenue of $526.72 million for the quarter, compared to analysts’ expectations of $511.68 million. Standard Motor Products had a net margin of 2.78% and a return on equity of 13.28%. During the same period in the prior year, the company posted $1.13 EPS. On average, equities analysts anticipate that Standard Motor Products, Inc. will post 4.23 earnings per share for the current year.

Standard Motor Products Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Friday, August 14th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, August 14th. Standard Motor Products’s dividend payout ratio is currently 58.93%.

Insider Buying and Selling at Standard Motor Products

In other news, EVP Dale Burks sold 5,798 shares of the business’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $39.00, for a total transaction of $226,122.00. Following the completion of the transaction, the executive vice president owned 47,657 shares of the company’s stock, valued at approximately $1,858,623. The trade was a 10.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders sold 18,349 shares of company stock valued at $712,146. Company insiders own 5.50% of the company’s stock.

Institutional Investors Weigh In On Standard Motor Products

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in shares of Standard Motor Products by 76.7% in the 1st quarter. Parallel Advisors LLC now owns 949 shares of the auto parts company’s stock worth $33,000 after buying an additional 412 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Standard Motor Products by 4.2% during the first quarter. Illinois Municipal Retirement Fund now owns 11,679 shares of the auto parts company’s stock worth $406,000 after acquiring an additional 466 shares in the last quarter. Susquehanna International Group LLP boosted its stake in Standard Motor Products by 7.6% during the second quarter. Susquehanna International Group LLP now owns 10,023 shares of the auto parts company’s stock worth $391,000 after acquiring an additional 709 shares in the last quarter. Squarepoint Ops LLC grew its holdings in Standard Motor Products by 2.8% in the second quarter. Squarepoint Ops LLC now owns 30,054 shares of the auto parts company’s stock worth $1,171,000 after purchasing an additional 829 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Standard Motor Products during the second quarter valued at approximately $35,000. 81.26% of the stock is owned by hedge funds and other institutional investors.

Standard Motor Products Company Profile

Standard Motor Products, Inc (NYSE:SMP) is an automotive parts manufacturer and distributor serving the aftermarket for replacement vehicle components. The company develops and supplies parts used in engine management, ignition, fuel systems, emissions control, sensors, and vehicle temperature-control systems.

Its product portfolio includes electronic and electromechanical components, heating and air-conditioning parts, and other replacement products sold under brands such as Standard, Intermotor, Blue Streak and Four Seasons.